Is Encinitas, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Encinitas has remained a Seller's Market.
Housing Prices in Encinitas, CA
How much do homes in Encinitas, CA cost?
Median Sold Price
$1,731,000
$902/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Encinitas was $1,731,000 in March 2024, up 0.3% from last year, and the median price per square foot was $902.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $575K | $697.3K | +21.3% |
2 Bedrooms | $980K | $980K | 0.0% |
3 Bedrooms | $1.5M | $1.4M | -3.0% |
4 Bedrooms | $2.2M | $2.2M | -2.5% |
5+ Bedrooms | $2.9M | $3.2M | +8.7% |
Summary: Encinitas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
Solana Beach | $1.7M | $1.9M | +10.9% |
Carlsbad | $1.3M | $1.4M | +3.7% |
San Marcos | $868.8K | $899.9K | +3.6% |
Oceanside-Escondido | $849.3K | $875.5K | +3.1% |
Encinitas | $1.7M | $1.7M | 0.3% |
Housing Supply in Encinitas, CA
How many homes are available in Encinitas, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
145 | 140 | -3.4% |
Summary: The Encinitas real estate market had 140 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 27 | 18 | -33.3% |
3 Bedrooms | 48 | 46 | -4.2% |
4 Bedrooms | 41 | 52 | +26.8% |
5+ Bedrooms | 26 | 20 | -23.1% |
Summary: The Encinitas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 38 | -17.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Encinitas in March 2024, down by 17.4% month-over-month. Of the 38 sold homes, 37% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Encinitas, CA
How long does it take to sell a home in Encinitas, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 29 Days | +8.4% |
Summary: Homes in Encinitas had an average of 29 days on market in Mar 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in Encinitas; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.